Idea: Long trade BPCL for weekly income.
Logic: With BPCL in continuous uptrend, a demand zone formed on 349.4 levels is strong probability for bounce up, as it has broken prior pivot and is also near higher time frame demand zones.
The zone being formed on 50 EMA on weekly time frame adds another edge to the zone working in our favor.
Keeping R:R as 1: 2.5 a long trade with strict SL can be initiated.
Entry : 349.4
SL: 341.35
Target: 369.5.
#Safe trading
#Take proper position size and risk management.
Logic: With BPCL in continuous uptrend, a demand zone formed on 349.4 levels is strong probability for bounce up, as it has broken prior pivot and is also near higher time frame demand zones.
The zone being formed on 50 EMA on weekly time frame adds another edge to the zone working in our favor.
Keeping R:R as 1: 2.5 a long trade with strict SL can be initiated.
Entry : 349.4
SL: 341.35
Target: 369.5.
#Safe trading
#Take proper position size and risk management.
#Take proper position size
#Safe trading
#Safe trading
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#Take proper position size
#Safe trading
#Safe trading
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。